EnPro (NPO) Shares Higher After New Buy Rating at KeyBanc
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Price: $246.65 -4.16%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Shares of EnPro Industries, Inc. (NYSE: NPO) are gaining momentum Friday following a new bullish rating from KeyBanc earlier.
The stock opened Friday's session about $1.30 higher and has continued to climb, now trading around $35.50, up about $2.20, or about 6.8 percent.
The firm started coverage on shares with a Buy rating and $42 price target.
KeyBanc's Jeff Hammondt has been impressed with executive management, citing: 1) confining asbestors litigation; 2) reduction of valuation complexities; 3) lowering cash drain; and 4) using more tactical approaches to growing (by continuing to be levered in favorable markets). Hammond believes the stock's valuation is attractive.
Even with Friday's upside, KeyBanc's new price target suggests potential further upside of about 18 percent.
Shares of EnPro are now up more than 14 percent over the last week.
The stock opened Friday's session about $1.30 higher and has continued to climb, now trading around $35.50, up about $2.20, or about 6.8 percent.
The firm started coverage on shares with a Buy rating and $42 price target.
KeyBanc's Jeff Hammondt has been impressed with executive management, citing: 1) confining asbestors litigation; 2) reduction of valuation complexities; 3) lowering cash drain; and 4) using more tactical approaches to growing (by continuing to be levered in favorable markets). Hammond believes the stock's valuation is attractive.
Even with Friday's upside, KeyBanc's new price target suggests potential further upside of about 18 percent.
Shares of EnPro are now up more than 14 percent over the last week.
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